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Health Care Plans and Pharmacy Benefit Managers Targeted in Class Action
Many medical benefit plan fiduciaries contract with pharmacy benefit managers (“PBMs”) to administer the prescription drug portion of their health plans, placing the PBM in charge of day-to-day management of the programs. Under the traditional PBM model, plan fiduciaries generally negotiate prescription drug prices with a PBM, which in turn negotiates pricing with drug manufacturers,…
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CFTC Seeks Comments on Use of AI in Derivatives Markets
The Commodity Futures Trading Commission (CFTC) has issued a request for comment (RFC) seeking public input on the use of artificial intelligence (AI) in CFTC-regulated markets. The RFC – distributed jointly by the CFTC’s Divisions of Market Oversight, Clearing and Risk, Market Participants and Data, along with the Office of Technology Innovation – was issued partially in……By:…
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Europe Daily News, 26 February 2024
COMPETITION – Appeal brought on 4 January 2024 by Teva Pharmaceutical Industries Ltd and Cephalon Inc. against the judgment of the General Court of 18 October 2023 in Case T-74/21, Teva Pharmaceutical Industries and Cephalon Vs. Commission (Case C-2/24 P) Re: annulment of the decision of the European Commission in the case AT.39686-CEPHALON……By: Mayer Brown
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Understanding SEC’s Focus Amid Lack of Final AI Rules
Last year, the U.S. Securities and Exchange Commission (SEC) proposed ambitious rules relating to artificial intelligence (AI) that have drawn significant commentary and criticism. While it is unlikely that any changes in the law are imminent, other initiatives by the SEC indicate that it is not content to wait for those changes before addressing AI-related…
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Egyptian Health Department Reports Data Breach Following December 2023 Cyberattack
On February 20, 2024, the Egyptian Health Department (“EHD”) filed a notice of data breach with the U.S. Department of Health and Human Services Office for Civil Rights after discovering that an unauthorized actor was able to access certain EHD systems. In this notice, EHD explains that the incident resulted in an unauthorized party being…
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Aspen Dental Announces Data Breach Following April 2023 Ransomware Attack
On February 22, 2024, APEO, LLC, better known as Aspen Dental, filed a notice of data breach with the Attorney General of Maine after discovering that an April 2023 ransomware attack compromised certain information on the company’s computer network. In this notice, Aspen Dental explains that the incident resulted in an unauthorized party being able…
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Food & Beverage Litigation and Regulatory Update
LEGISLATION, REGULATIONS & STANDARDS – 20 State AGs Ask FDA to Act on Lead, Metals in Baby Food – Citing a wave of childhood lead poisoning connected to recalled applesauce pouches, a group of 20 state attorneys general have renewed earlier requests that the U.S. Food and Drug Administration (FDA) establish requirements that baby food…
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Middle East Crisis : A Second Day of Aid Airdrops Underscores the Urgency of Gazans’ Need
Egypt joined Jordan’s airdrop operations for the first time on Tuesday, a day after a joint mission Jordan undertook with France.
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Iran’s Proxies Curtail Attacks on American Bases in Iraq and Syria After U.S. Strikes
Tehran, wary of igniting open warfare with Washington, has told militia groups it backs to curtail assaults on targets such as military installations, Iranian and American officials say.
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In Ukraine, Russia Is Inching Forward Death by Death
Russian forces have an unorthodox view of acceptable levels of military losses, with a willingness to expend troops and equipment to make even small gains on the battlefield.
